This is the fascinating, detailed account of the rise and fall of the largest banking house ever before established in the South, whose financial misfeasance during the prosperous twenties led to its eventual collapse and brought ruin to numerous innocent investors. Caldwell and Company was founded in Nashville in 1917 by Rogers Caldwell, the son of a leading local banker and businessman. Beginning as a small underwriter and distributor of Southern municipal bonds, the firm soon branched out into real estate bonds and industrial securities as well. Control of important banks in Tennessee and Arkansas was acquired; newspapers, and even Nashville's professional baseball team, came under the firm’s ownership. Caldwell and Company was, truly, a pioneer conglomerate. Caldwell and Company also ventured into the realm of politics, supporting certain politicians (notably Colonel Luke Lea) with questionable benefits accruing to the firm, including substantial state deposits in Caldwells Bank of Tennessee. In November 1930 the firm went into receivership. Unethical practices, including overextension in the acquisition of banks, insurance companies, and other business, had already strain Caldwell and Company’s assets. With the 1929 collapse of stock prices. Rogers Caldwell could not meet the company’s obligations, and he began to squeeze all available cash from the various controlled firms. He also negotiated a merger between Caldwell and Company and Banco-Kentucky Company of Louisville—a transaction which must stand as one of the strangest deals in the annals of American business. Even the aforementioned State of Tennessee deposits, which helped float his empire for a while, could not prevent its collapse—a collapse which resulted in a multi-million dollar loss to Tennessee’s Treasury, public hysteria, and clamor for the impeachment of the Governor of Tennessee. Originally Published in 1939, this edition includes a new introduction in which the author comments on the long-run implications of the Caldwell episode and reports the outcome of legal actions, both civil and criminal, still pending at the time the book was first published.
This is the fascinating, detailed account of the rise and fall of the largest banking house ever before established in the South, whose financial misfeasance during the prosperous twenties led to its eventual collapse and brought ruin to numerous innocent investors. Caldwell and Company was founded in Nashville in 1917 by Rogers Caldwell, the son of a leading local banker and businessman. Beginning as a small underwriter and distributor of Southern municipal bonds, the firm soon branched out into real estate bonds and industrial securities as well. Control of important banks in Tennessee and Arkansas was acquired; newspapers, and even Nashville's professional baseball team, came under the firm’s ownership. Caldwell and Company was, truly, a pioneer conglomerate. Caldwell and Company also ventured into the realm of politics, supporting certain politicians (notably Colonel Luke Lea) with questionable benefits accruing to the firm, including substantial state deposits in Caldwells Bank of Tennessee. In November 1930 the firm went into receivership. Unethical practices, including overextension in the acquisition of banks, insurance companies, and other business, had already strain Caldwell and Company’s assets. With the 1929 collapse of stock prices. Rogers Caldwell could not meet the company’s obligations, and he began to squeeze all available cash from the various controlled firms. He also negotiated a merger between Caldwell and Company and Banco-Kentucky Company of Louisville—a transaction which must stand as one of the strangest deals in the annals of American business. Even the aforementioned State of Tennessee deposits, which helped float his empire for a while, could not prevent its collapse—a collapse which resulted in a multi-million dollar loss to Tennessee’s Treasury, public hysteria, and clamor for the impeachment of the Governor of Tennessee. Originally Published in 1939, this edition includes a new introduction in which the author comments on the long-run implications of the Caldwell episode and reports the outcome of legal actions, both civil and criminal, still pending at the time the book was first published.
Drawing upon the religious writings of southern evangelicals, John Boles asserts that the extraordinary crowds and miraculous transformations that distinguished the South's First Great Awakening were not simply instances of emotional excess but the expression of widespread and complex attitudes toward God. Converted southerners were starkly individualistic, interested more in gaining personal salvation in a hopelessly evil world than in improving society. As Boles shows in this landmark study, the effect of the Revival was to throw over the region a conservative cast that remains dominant in contemporary southern thought and life.
African Americans have been part of the story of St. Louis since the city's founding in 1764. Unfortunately, most histories of the city have overlooked or ignored their vital role, allowing their influence and accomplishments to go unrecorded or uncollected; that is, until the publication of Discovering African American St. Louis: A Guide to Historic Sites in 1994. A new and updated 2002 edition is now available to take readers on a fascinating tour of nearly four hundred African American landmarks. From the boyhood home of jazz great Miles Davis in East St. Louis, Illinois, to the site of the house that sparked the landmark Shelley v. Kraemer court case, the maps, photographs, and text of Discovering African American St. Louis record a history that has been neglected for too long. The guidebook covers fourteen regions east and west of the Mississippi that represent St. Louis's rich African American heritage. In the words of historian Gary Kremer, "No one who reads this book and visits and contemplates the places and peoples whose stories it recounts will be able to look at St. Louis in the same way ever again.
Anyone can get started learning how to write a song with this user-friendly basic method. You will learn how to write a melody, write an interesting chord progression, develop ideas, write lyrics and more. This book teaches the basics of reading music and provides both guitar and keyboard diagrams of the basic chords. You will even learn how to copyright and protect your songs. No matter what style of music you enjoy, get ready to develop your creativity with the first-ever, fun, basic method for songwriting.
African Americans have been a part of Missouri from its territorial days to the present, making significant contributions across myriad professions as pioneers, educators, civil rights activists, and journalists, to name a few. Now in its second edition, Extraordinary Black Missourians profiles more than 100 notable citizens, such as Grace Bumbry, George Washington Carver, Elizabeth Keckley, Frankie Freeman, Scott Joplin, Jean Baptiste Point du Sable, James Beckwourth, and others who have contributed to Missouri’s African American legacy. They set records; made discoveries; received local, national, and international acclaim and awards; and led the civil rights movement by breaking down racial barriers. These accomplishments have played a major role in shaping the history and culture of the state and nation. Co-authors John A. Wright, Sr., Sylvia A. Wright, and John A. Wright, Jr. bring decades of experience writing about their native St. Louis and the heritage of African Americans in their hometown. Extraordinary Black Missourians puts a face on historically significant people and tells of their joys, failures, hardships, and triumphs against seemingly insurmountable odds.
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